Economic EventConsumer Credit
UnitsChange in Billions of Dollars
Current PeriodAug 2012
Release DateOct. 05. 12
Consensus for Current Period6
Number of Forecasts1
Economic Surprise12.1 ( 201.67 % )
Prior PeriodJul 2012
Reported Value for Prior Period-2.5
Revised From-3.3
Next Release DateNov. 07. 12
Next Release Time3:00 PM Eastern Time
DescriptionConsumer credit is considered a good indicator of the potential future spending levels, and shows the extent to which benchmark interest rates such as the fed funds rate and prime rate have manifested themselves at the consumer level (it can take six months to a year for macro interest rates to work their way down to consumers).
Close Window